NASDAQ100 INDEX - 1H - Technical analysis published on 09/14/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 11,276.00 USD
My targets
11,055.20 USD (-0.29%)
10,871.70 USD (-1.95%)
My analysis
NASDAQ100 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 11,276.00 USD. The next support located at 11,055.20 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10,871.70 USD. Below this support, sellers could then target 9,718.73 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by RudeWorld. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NASDAQ100 INDEX rating 11,087.40 USD. The price is lower by -0.60% since the last closing and was traded between 10,945.22 USD and 11,280.41 USD over the period. The price is currently at +1.30% from its lowest and -1.71% from its highest.10,945.22
11,280.41
11,087.40
Here is a more detailed summary of the historical variations registered by NASDAQ100 INDEX:
Technical
A technical analysis in 1H of this NASDAQ100 INDEX chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 3 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,718.73 | 10,871.70 | 11,055.20 | 11,087.40 | 11,276.00 | 11,564.30 | 12,048.00 |
| Change (%) | -12.34% | -1.95% | -0.29% | - | +1.70% | +4.30% | +8.66% |
| Change | -1,368.67 | -215.70 | -32.20 | - | +188.60 | +476.90 | +960.60 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,507.54 | 10,801.74 | 10,977.93 | 11,272.13 | 11,448.33 | 11,742.53 | 11,918.72 |
| Camarilla | 11,024.77 | 11,067.89 | 11,111.01 | 11,154.12 | 11,197.24 | 11,240.36 | 11,283.48 |
| Woodie | 10,448.53 | 10,772.24 | 10,918.93 | 11,242.63 | 11,389.32 | 11,713.03 | 11,859.71 |
| Fibonacci | 10,801.74 | 10,981.43 | 11,092.44 | 11,272.13 | 11,451.82 | 11,562.84 | 11,742.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,738.76 | 10,442.38 | 11,032.25 | 11,735.87 | 12,325.74 | 13,029.36 | 13,619.23 |
| Camarilla | 11,266.42 | 11,384.99 | 11,503.56 | 11,622.13 | 11,740.70 | 11,859.27 | 11,977.84 |
| Woodie | 9,681.90 | 10,413.94 | 10,975.39 | 11,707.43 | 12,268.88 | 13,000.92 | 13,562.37 |
| Fibonacci | 10,442.38 | 10,936.49 | 11,241.75 | 11,735.87 | 12,229.98 | 12,535.24 | 13,029.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,942.29 | 10,398.67 | 11,254.69 | 11,711.07 | 12,567.09 | 13,023.47 | 13,879.48 |
| Camarilla | 11,749.79 | 11,870.09 | 11,990.39 | 12,110.70 | 12,231.00 | 12,351.30 | 12,471.61 |
| Woodie | 10,142.10 | 10,498.58 | 11,454.50 | 11,810.98 | 12,766.90 | 13,123.38 | 14,079.30 |
| Fibonacci | 10,398.67 | 10,900.01 | 11,209.74 | 11,711.07 | 12,212.41 | 12,522.14 | 13,023.47 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.88 | |
| MACD (12,26,9): | -129.5500 | |
| Directional Movement: | -13.41 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 11,058.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,443.89 | |
| Elder Ray (13): | -99.89 | |
| Super Trend (3,10): | 11,402.33 | |
| Zig ZAG (10): | 11,087.40 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 14.90 | |
| TEMA (21): | 11,046.59 | |
| Williams %R (14): | -77.11 | |
| Chande Momentum Oscillator (20): | -308.46 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 5.32 |
| MA7: | 11,502.81 | |
| MA20: | 11,618.40 | |
| MA50: | 11,131.05 | |
| MA100: | 10,303.55 | |
| MAexp7: | 11,098.80 | |
| MAexp20: | 11,230.57 | |
| MAexp50: | 11,447.34 | |
| MAexp100: | 11,539.77 | |
| Price / MA7: | -3.61% | |
| Price / MA20: | -4.57% | |
| Price / MA50: | -0.39% | |
| Price / MA100: | +7.61% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -1.27% | |
| Price / MAexp50: | -3.14% | |
| Price / MAexp100: | -3.92% |
Quotes :
2020-09-11 19:59:59
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15 min delayed data
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NASDAQ US Indices
News
The last news published on NASDAQ100 INDEX at the time of the generation of this analysis was as follows:
-
S&P 500 and NASDAQ 100 Forecast September 14, 2020
-
S&P 500 and NASDAQ 100 Forecast September 11, 2020
-
“Buzz on the Street” Show: AnPac Bio-Medical (NASDAQ: ANPC) Reports Six Month 2020 Financial Results
-
Forex News: 10/09/2020 - Nasdaq snaps losing streak; ECB to walk a fine line
-
S&P 500 and NASDAQ 100 Forecast September 10, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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